What Is Manta Network? the 44th project on Binance Launchpool

Manta Network Introduction

Manta Pacific is a layer-2 network for the Ethereum blockchain. As per the Manta team, Pacific is made for EVM-native ZK dApps, as it is expected to provide a scalable and inexpensive gas-free environment. 
“By leveraging the data-availability layer provided by Celestia, the first modular consensus and data network, harnessing the advanced technology developed by p0x labs, Manta Pacific builds out an accessible ZK development environment in a modular, scalable manner with multiple groundbreaking advantages,” they wrote. 
Meanwhile, Manta Atlantic is a ZK layer-1 network on Polkadot. It aims to focus on the ZK compliance credential layer with real adoption and interoperability to make other projects have interoperable identities without dealing with any cryptography work.
“Manta Atlantic is the fastest and most decentralized ZK Layer1 supporting modular on-chain compliance identities. Its suite of core products and technologies, including zkNFTs, staking and ecosystem projects, offers user-friendly access to powerful ZK-enabled use cases,” the network’s docs section read.
Through these two networks, web3 natives can enjoy dApps with better user experiences, the Manta team emphasized: 
“Manta Network was created by a team of experienced founders from prestigious institutions, including Harvard, MIT, and Algorand. It has grown through participation in the best web3 accelerators, including Alliance DAO and Berkeley Blockchain Xcelerator. Manta Network is poised to bring the next generation of web3 users and usher in a new chapter of web3 zkApp applications.”

Manta Network Features

As a platform for building and deploying ZK-enabled dApps on Ethereum, Manta Network’s main users are dApp developers and builders. 
However, on its website, Manta Pacific can also be connected to MetaMask and can be used as a bridge to transfer a token from the Ethereum Mainnet to Pacific. 
To add Manta to MetaMask, here is the needed information: 
CategoryInformationNetwork NameManta Pacific L2 RollupNetwork URLhttps://pacific-info.manta.network/Websocket URLhttps://pacific-rpc.manta.network/httpWebsocket URLwss://pacific-rpc.manta.network/wsChain ID169Currency SymbolRTH
While to use it as a bridge: 

1. Go to https://pacific-bridge.manta.network/
2. Choose the “Add Chain to MetaMask” button. 
3. Choose the chain of the token to be bridged. 
4. Connect a wallet. 
5. Select the token to be bridged, the tokens available can be selected from the list or enter a token name or address. 
6. Type in the desired amount to be bridged.
7. Supply the Manta Pacific wallet address where the assets will be received.
8. Confirm the transaction. 

Manta Network emerges as a cutting-edge player in the blockchain space, offering a unique multi-modular ecosystem designed for zero-knowledge (ZK) applications. This network is divided into two main components: Manta Pacific and Manta Atlantic, each serving distinct functions but maintaining interoperability.
Manta Pacific operates as a Layer 2 (L2) scaling solution on Ethereum, tailored for EVM-native ZK applications. It’s a boon for developers looking to deploy ZK apps affordably and scalably, using the popular Solidity programming language.
Manta Atlantic, on the other hand, is a Layer 1 (L1) blockchain within the Polkadot ecosystem. Its focus is on programmable identities and credentials, utilizing zk-SNARKs cryptography. This allows for the creation of zkSoulbound Tokens (zkSBTs), offering users control over their data while verifying specific attributes without compromising sensitive information.

Key features and applications

Manta Network is not just another blockchain project; it stands out due to its focus on privacy, scalability, and developer-friendly environment.

1. Privacy: At its core, Manta prioritizes user privacy. By leveraging ZK applications, it ensures that transactions and personal data remain confidential while still being verifiable.
2. Scalability: Manta Pacific directly addresses the well-known scalability issues of Ethereum by providing a platform with lower gas fees and quicker transaction times.
3. Developer-friendly: Understanding the needs of developers, Manta offers accessible SDKs and libraries, ensuring ease of use across its platforms.
4. Modular architecture: The network’s modular design empowers developers to select the most suitable chain for their applications, encouraging a synergistic relationship between Manta Pacific and Manta Atlantic.
5. New ZK use cases: Manta Network is a pioneer in introducing innovative tools like Universal Circuits, simplifying the integration of ZK functionalities into existing Solidity contracts.

The Manta ecosystem enables a variety of applications, from private decentralized finance (DeFi) and confidential voting systems to selective information disclosure for KYC/AML compliance and decentralized social media platforms, all without sacrificing user privacy.

The $MANTA token and future outlook

The $MANTA token, Manta Network’s native currency, plays a pivotal role in the ecosystem. It’s utilized for governance, payment of transaction fees on Manta Pacific, and staking to secure the network while earning rewards.
Recently, Manta Network concluded its New Paradigm campaign, distributing airdrops to early adopters and participants. The team continues to develop exciting features, including zkNFTs and a specialized decentralized exchange (DEX) for ZK applications. Collaborations with significant industry players like Binance Labs and Polychain Capital signal strong industry support and confidence in Manta’s future.

Binance’s 44th Launchpool project

In a recent development, Binance announced Manta (MANTA) as the 44th project on Binance Launchpool.

The listing of MANTA tokens on Binance is scheduled for January 18, 2024, with multiple trading pairs, indicating a growing recognition and anticipation for Manta Network in the broader crypto market.